Yakubian Homes

Analysis

Yakubian Homes is a registered charity in United States, based in Alton, IL. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Yakubian Homes reported income of $175k and spending of $240k, spending 137% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $156k to $175k (+12%), an average of +3.0% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Yakubian Homes sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Schenectady Affordable Housing Corporation ($175k), Catholic Housing Corporation Oflansford Inc ($175k) and Bronxview Housing Development Fund Corporation ($175k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 34% of the total. Other salaries and wages came to $46k. At year end it held assets of $1.1m against liabilities of $177k, net assets of $876k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.